Some numbers for new O/O
Discussion in 'Ask An Owner Operator' started by DUNE-T, Aug 23, 2018.
Page 2 of 148
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darthanubis, Blue jeans, cburch21 and 6 others Thank this.
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Blue jeans and HoneyBadger67 Thank this.
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Insurance, insurance, insurance!
You a little light on the truck and GL insurance. I’ve had my CDL since 1991 and a clean record with excellent credit. Least expensive I can find is $18k yr. 3 of the 5 company’s I contacted for quotes just flat out turned me down.
Next is health insurance...
Me and my wife are at just over $1400 a month for health insurance.
So those two things alone are $3k a month before you even turn the key.
What about a place to park the truck and trailer while at home or a place to work on them? Truck washes at $100 each?
I’m looking at a shop and parking for my unit right now. Looks like $1750 a month including the $190 insurance and $5200 year property tax but before utilities.
So now you got $5k a moth before the truck picks up its first load or pays a dime to the driver.
But I’m sure they got it all figured out and covered in there business plan?
I mean after all they can just leave there truck parked at the petro and have the TA do all there repairs right? I hear loves dose factoring now too?darthanubis, Dino soar, MTN Boomer and 11 others Thank this. -
Blue jeans, Bean Jr., blairandgretchen and 2 others Thank this.
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Stonehjl, OhNoTerry, SUPERFASTSALEEN and 5 others Thank this.
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Oh I forgot to say...Parking in Chicago Area $150-250 per month southwest side....250-400 north west side. When guys say you pay under 100 for parking your rig, it sounds so unreal. I do know its true though.
blairandgretchen and Tug Toy Thank this. -
I have some other motives to having my own shop as well but if your going to get in this business with any kind of scale it’s something you need to be planing for?
I’m out in the country in Illinois south of Chicago. Those insurance quotes were with a zip code of Bloomington, Illinois in 2017.cke and blairandgretchen Thank this. -
WOW
I have my own authority and pay less than 6k a year for insurance. Less than 6k a year for health insurance on my wife daughter and myself. I park at home work on it in the driveway but do have a garage that truck won't fit in but keeps tools dry. I spend no where near 2k a month for maintenance. Only wash once every month at best. Spray it off myself for best job cause I lay on ground to wash under it. I do all my own tires, brakes, oil changes, grease.
I can live off your overhead. Not very comfortably, but I could.Stonehjl, SheepDog, Blue jeans and 35 others Thank this. -
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